Latest News | 15th Fin Comm's High-level Group on Agri Exports Suggests Creation of State-led Plan
Get latest articles and stories on Latest News at LatestLY. A high-level group on agricultural exports, set up by the 15th Finance Commission, on Friday suggested creation of a state-led export plan with the private sector playing an anchor role and the Centre acting as an enabler.
New Delhi, Jul 31 (PTI) A high-level group on agricultural exports, set up by the 15th Finance Commission, on Friday suggested creation of a state-led export plan with the private sector playing an anchor role and the Centre acting as an enabler.
The High Level Expert Group (HLEG) on Agricultural Exports was set up to recommend measurable performance incentives for states to encourage agricultural exports and to promote crops for enabling high import substitution.
The main recommendations made by the panel include focusing on 22 crop value chains.
It also suggested creation of a state-led export plan with participation from stakeholders.
It suggested that the private sector should play an anchor role and the Centre should be an enabler in the process.
The group also suggested robust institutional mechanism to fund and support implementation.
The Group in its report has recommended a state-led export plan, a business plan for a crop value chain cluster that will lay out the opportunity, initiatives and investment required to meet the desired value chain export aspiration.
These plans will be action-oriented, time-bound and outcome-focused. The Group was of the view that the private sector players had a pivotal role to play in ensuring demand orientation and focus on value addition; ensuring project plans are feasible, robust, implementable and appropriately funded.
It also said the players also had a role in providing funds for technology based on business case and for creating urgency and discipline for project implementation.
The high-level group is of the view that India's agricultural export has the potential to grow from USD 40 billion to USD 70 billion in a few years.
The estimated investment in agricultural export could be at USD 8-10 billion across inputs, infrastructure, processing and demand enablers.
Additional exports are likely to create an estimated 7-10 million jobs and will lead to higher farm productivity and farmer income.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)